State the sources of information and types of inquiries that firm may make before accepting Company H as a new client.

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Answer 1

Question

Chapter 3, Problem 60EP

a.

To determine

State the sources of information and types of inquiries that firm may make before accepting Company H as a new client.

b.

To determine

Identify whether the professional audit standards require any investigation of prospective clients or not.

c.

To determine

Identify whether a partner of the audit practice should accept Company H as a new client or not.

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Answer 2

Question

Chapter 3, Problem 60EP

a.

To determine

State the sources of information and types of inquiries that firm may make before accepting Company H as a new client.

b.

To determine

Identify whether the professional audit standards require any investigation of prospective clients or not.

c.

To determine

Identify whether a partner of the audit practice should accept Company H as a new client or not.

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Answer 3

Question

Chapter 3, Problem 60EP

a.

To determine

State the sources of information and types of inquiries that firm may make before accepting Company H as a new client.

b.

To determine

Identify whether the professional audit standards require any investigation of prospective clients or not.

c.

To determine

Identify whether a partner of the audit practice should accept Company H as a new client or not.

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Answer 4

Question

Chapter 3, Problem 60EP

a.

To determine

State the sources of information and types of inquiries that firm may make before accepting Company H as a new client.

b.

To determine

Identify whether the professional audit standards require any investigation of prospective clients or not.

c.

To determine

Identify whether a partner of the audit practice should accept Company H as a new client or not.

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Answer 5

Chapter 3, Problem 60EP

a.

To determine

State the sources of information and types of inquiries that firm may make before accepting Company H as a new client.

b.

To determine

Identify whether the professional audit standards require any investigation of prospective clients or not.

c.

To determine

Identify whether a partner of the audit practice should accept Company H as a new client or not.

Answer 6

Chapter 3, Problem 60EP

a.

To determine

State the sources of information and types of inquiries that firm may make before accepting Company H as a new client.

Answer 7

Chapter 3, Problem 60EP

a.

To determine

State the sources of information and types of inquiries that firm may make before accepting Company H as a new client.

Answer 8

b.

To determine

Identify whether the professional audit standards require any investigation of prospective clients or not.

Answer 9

b.

To determine

Identify whether the professional audit standards require any investigation of prospective clients or not.

Answer 10

c.

To determine

Identify whether a partner of the audit practice should accept Company H as a new client or not.

Answer 11

c.

To determine

Identify whether a partner of the audit practice should accept Company H as a new client or not.

Answer 12

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Answer 13

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Answer 14

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Answer 15

Ch. 3 - Prob. 1RC Ch. 3 - Prob. 2RC Ch. 3 - Prob. 3RC Ch. 3 - What is the purpose of a planning memorandum? Ch. 3 - Prob. 5RC Ch. 3 - Prob. 6RC Ch. 3 - Prob. 7RC Ch. 3 - Prob. 8RC Ch. 3 - Prob. 9RC Ch. 3 - Prob. 10RC

State the sources of information and types of inquiries that firm may make before accepting Company H as a new client.

State the sources of information and types of inquiries that firm may make before accepting Company H as a new client.

Identify whether the professional audit standards require any investigation of prospective clients or not.

Identify whether a partner of the audit practice should accept Company H as a new client or not.

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Chapter 3 Solutions